Monday, April 21, 2014

The Dow Jones - Ichimoku Study - Bears Defend Top - Week 4 of April 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 17 Mar'14

Introduction / Primer to Ichimoku can be read at this link (click). 

Learning from the earlier Study: (click here for the post)

Bull - Bear stand-off  continues around the ATH #W2.

Tenkan Sen close to Price Line #W2.
At present height, the Chikou span seen running into the Price Line #W1.

Wrap: Index on pause near ATH - broad ranging continues all 2014  #W2.

Looking Forward into this Week:

Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would show direction going forward before Price line gets too close to the Kumo $W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.

Wrap: Bulls want the Tenkan Sen and Kijun Sen staying apart #W2, Bears look to get and stay below the Tenkan Sen #W2.